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Also the UK's MMT faction argues that Labour's economic policy is dominated by pretty bad advice. I wouldn't be surprised if the thinking on the complexities of Brexit is also quite bad. Economics 101 would lead you to expect that the cratering of the Pound would lead to an improvement of the terms of trade. However, Economics 101 is worth shit all. I think Corbyn actually brought that up in a recent speech, the one that was shellacked by the Free Press™ for "touting the benefits of Brexit", where he correctly noted that there were none to be observed, as of now.
Investing too much hope in exchange rate adjustments is not a good gamble to take and I hope they keep an open mind. Though to be fair, it might be the only one available.
I think the problem is that Corbyn's status as leader of the party has been under constant attack since the moment he won, with attempts to overthrow him being announced almost every 6 months (a new one seems to be underway now according to various sources).
This has led to a seige mentality which has made it resistant to ideas beyond mere survival. Which is a shame cos they will really need an awful lot of help to turn the country around when they take power.
keep to the Fen Causeway
I shall hope for the best --that Tory gov does not renege again-- and prepare for the worst.
Diversity is the key to economic and political evolution.
The trouble that most of these people have is that they protest too much, too often. It imly becomes ridiculous. Like the current anti-semitism thing; if they'd kept it low level and fact-based (yes there is some anti-semitism in the party and has been indulged/ignored for far too long) then they might have made a fist of it.
But by going completely over the top with a full 24/7 media onslaught throwing every crappy thing they can invent, they simply end up looking idiotic.
And so here we are again. It hasn't worked before and it won't work now
keep to the Fen Causeway
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